{"text_format":"2","workbook":"xls","n_sheets":4,"sheets":["Organisational structure","Segment reporting","Valuation allowances","Regions"],"not_rendered":{"charts":0,"images":4,"macros":0,"external_links":1,"defined_names":3,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"run_cost":"one","rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900","formulas":"cached_only"}

{"sheet":"Organisational structure","index":0,"n_rows":17,"n_cols":2,"rows_kept":17,"cut":false,"hidden":false,"merged":[],"flags":["formulas_cached_only"]}
[]
["Internal organisational and reporting structure"]
["Segment","Business areas"]
["Eurex","T7 electronic trading platform (Eurex Exchange and ISE)"]
[null,"Eurex Repo over-the-counter (OTC) trading platform"]
[null,"Central counterparty for on- and off-exchange derivatives and repo transactions"]
["Xetra","Cash market including trading at Xetra and Börse Frankfurt Stock Exchange"]
[null,"Eurex Bonds OTC trading platform"]
[null,"Central counterparty for equities and bonds"]
[null,"Admission of securities to listing"]
["Clearstream","Custody and settlement services for domestic and international securities"]
[null,"Global securities financing services and collateral management"]
[null,"Investment funds and hedge funds services"]
["Market Data + Services","Distribution of licenses for real-time trading and market signals"]
[null,"Development and sales of indices"]
[null,"Technology solutions for external customers"]
[null,"Trading participant connectivity"]

{"sheet":"Segment reporting","index":1,"n_rows":38,"n_cols":15,"rows_kept":38,"cut":false,"hidden":false,"merged":[[2,13,2,14],[2,1,2,2],[2,3,2,4],[2,5,2,6],[2,7,2,8],[2,9,2,10],[2,11,2,12]],"flags":["formulas_cached_only"]}
[]
["Segment reporting"]
[null,"Eurex",null,"Xetra",null,"Clearstream",null,"Market Data + Services",null,"Total of all segments",null,"Consolidation of internal \nnet revenue1)",null,"Group"]
[null,2014,2013,2014,2013,2014,2013,2014,2013,2014,2013,2014,2013,2014,2013]
[null,"€m","€m","€m","€m","€m","€m","€m","€m","€m","€m","€m","€m","€m","€m"]
["External sales revenue","953.5","850.0","184.7","172.0","826.6","766.4","383.0","371.9","2,347.8","2,160.3","0","0","2,347.8","2,160.3"]
["Internal sales revenue","0","0","0","0","7.6","7.6","33.7","26.4","41.3","34.0","– 41.3","– 34.0","0","0"]
["Total sales revenue","953.5","850.0","184.7","172.0","834.2","774.0","416.7","398.3","2,389.1","2,194.3","– 41.3","– 34.0","2,347.8","2,160.3"]
[]
["Net interest income from banking business","0","0","0","0","32.8","35.9","0","0","32.8","35.9","0","0","32.8","35.9"]
["Other operating income",17.2,13.5,8.9,8.9,6.4,7.4,3.5,"3.6","36.0","33.4","– 12.9","– 12.8","23.1","20.6"]
["Total revenue","970.7","863.5","193.6","180.9","873.4","817.3","420.2","401.9","2,457.9","2,263.6","– 54.2","– 46.8","2,403.7","2,216.8"]
[]
["Volume-related costs","– 168.1","– 122.8","– 31.7","– 29.2","– 175.4","– 163.4","– 39.7","– 35.9","– 414.9","– 351.3","54.2","46.8","– 360.7","– 304.5"]
["Net revenue (total revenue less volume-related costs)","802.6","740.7","161.9","151.7","698.0","653.9","380.5","366.0","2,043.0","1,912.3","0","0","2,043.0","1,912.3"]
[]
["Staff costs","– 165.0","– 143.2","– 34.7","– 45.9","– 191.9","– 205.5","– 80.8","– 81.4","– 472.4","– 476.0","0","0","– 472.4","– 476.0"]
["Depreciation, amortisation and impairment losses","– 62.7","– 53.6","– 6.0","– 9.4","– 41.0","– 37.8","– 15.1","– 18.0","– 124.8","– 118.8","0","0","– 124.8","– 118.8"]
["Other operating expenses","– 226.0","– 196.4","– 33.6","– 39.9","– 145.7","– 260.0","– 112.3","– 91.7","– 517.6","– 588.0","0","0","– 517.6","– 588.0"]
["Operating costs","– 453.7","– 393.2","– 74.3","– 95.2","– 378.6","– 503.3","– 208.2","– 191.1","– 1,114.8","– 1,182.8","0","0","– 1,114.8","– 1,182.8"]
[]
["Result from equity investments","77.92)","5.13)","0.4",4,"0","0.2","0","0","78.3","9.3","0","0","78.3","9.3"]
["Earnings before interest and tax (EBIT)","426.8","352.6","88.0","60.5","319.4","150.8","172.3","174.9","1,006.5","738.8","0","0","1,006.5","738.8"]
[]
["Net financial result","– 39.4","– 62.6","– 1.4","– 2.6","– 2.9","– 3.2","0.5","– 2.3","– 43.1","– 70.7","0","0","– 43.1","– 70.7"]
["Earnings before tax (EBT)","387.4","290.0","86.6","57.9","316.5","147.6","172.8","172.6","963.4","668.1","0","0","963.4","668.1"]
[]
["Investment in intangible assets and property, plant and equipment4)","60.5","53.9","1.6","3.2","63.3","66.6","8.1","3.9","133.5","127.6","0","0","133.5","127.6"]
[]
["Employees (as at 31 December)","1,332","1,018","305","331","2,228","1,816","675","646","4,540","3,811","0","0","4,540","3,811"]
[]
["EBIT margin (%)5)","53","48","54","40",46,"23","45","48","49","39","n.a.","n.a.","49","39"]
[]
["1) The consolidation of internal net revenue column shows the elimination of intragroup sales revenue and profits."]
["2) Including revenues in connection with the merger of Direct Edge Holdings, LLC and BATS Global Markets, Inc. (€63.0 million), a one-off gain of €10.6 million from the retrospective adjustment of the fair value of the consideration transferred as a result of the acquisition of EEX as at 1 January 2014 as well as an impairment loss for Zimory GmbH amounting to €3.6 million."]
["3) Includes impairment losses totalling €1.6 million that account for the interest in Quadriserv, Inc."]
["4) Excluding goodwill"]
["5) EBIT margin is calculated on the basis of EBIT divided by net revenue."]

{"sheet":"Valuation allowances","index":2,"n_rows":9,"n_cols":3,"rows_kept":9,"cut":false,"hidden":false,"merged":[],"flags":["formulas_cached_only"]}
[]
["Breakdown of non-cash valuation allowances and bad debt losses"]
[null,2014,2013]
[null,"€m","€m"]
["Eurex",1.6,0.4]
["Xetra","– 1.5",0.4]
["Clearstream",0.3,0.1]
["Market Data + Services",0.2,0.6]
["Total",0.6,1.5]

{"sheet":"Regions","index":3,"n_rows":16,"n_cols":9,"rows_kept":16,"cut":false,"hidden":false,"merged":[[2,1,2,2],[2,3,2,4],[2,5,2,6],[2,7,2,8]],"flags":["formulas_cached_only"]}
[]
["Information on geographical regions"]
[null,"Sales revenue1)",null,"Investments2)",null,"Non-current assets3)",null,"Number of employees"]
[null,2014,2013,2014,2013,2014,2013,2014,2013]
[null,"€m","€m","€m","€m","€m","€m"]
["Euro zone","1,170.4","1,080.7","126.7","119.5","1,718.7","1,483.8","3,324 ","2,687"]
["Rest of Europe","756.7","695.1","0","0.5","489.7","589.7","759","688"]
["America","358.6","325.7","5.8","6.2","1,521.0","1,374.3","305","310"]
["Asia-Pacific","103.4","92.8","1.0","1.4",2.2,"1.6","152","126"]
["Total of all regions","2,389.1","2,194.3","133.5","127.6","3,731.6","3,449.4","4,540","3,811"]
["Consolidation of internal net revenue","– 41.3","– 34.0"]
["Group","2,347.8","2,160.3","133.5","127.6","3,731.6","3,449.4","4,540","3,811"]
[]
["1) Including countries in which more than 10 per cent of sales revenue were generated: UK (2014: €600.4 million; 2013: €545.2 million), Germany (2014: €605.8 million; 2013: €575.5 million) and USA (2014: €347.6 million; 2013: €316.0 million)"]
["2) Excluding goodwill"]
["3) Including countries in which more than 10 per cent of non-current assets are carried: USA (2014: €1,521.0 million; 2013: €1,374.3 million), Germany (2014: €1,435.5 million; 2013: €1,267.4 million) and Switzerland (2014: €474.9 million; 2013: €584.4 million) "]